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20121226
20121226
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of housing to expend soma community stabilization fund dollars in the amount of $760,000. >> supervisor kim. >> thank you. i've introduced a resolution authorizing the mayor's office of housing to expend the soma community stabilization fund dollars in the amount of $760,000. this innovative fund, as many of you know, was approved as part of the rincon hill area plan that is intended to be used to address the issues of destabilization of residents and businesses in the south of market due to development in the rincon hill area. the fund that we are authorizing today is the third round of funding through the soma stabilization fund and is consistent with the latest strategic plan for the fund. as a south of market continues to grow and improve its new development and projects it is important that we continue to work on stabilizing current residents and businesses that have been a part of this neighborhood for decades. the stabilization fund gives us the opportunity to pilot tools and strategies outside of the mayor's office of housing's typical grant programs that are often restricted by gui
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